Metro Jacksonville

Jacksonville by Neighborhood => Downtown => Topic started by: Steve on July 22, 2024, 11:35:48 AM

Title: Gate Precast Sold, Moving HQ Downtown
Post by: Steve on July 22, 2024, 11:35:48 AM
Normally things don't work this way but apparently in the bizzarro world that is 2024, it is:

https://www.jaxdailyrecord.com/news/2024/jul/22/new-owners-moving-gate-precast-headquarters-downtown/

tl;dr version: Gate sold its Precast Concrete business to The Wells Companies, and Wells is moving the precast offices out of the Gate building in Mandarin to Brooklyn.
Title: Re: Gate Precast Sold, Moving HQ Downtown
Post by: jaxlongtimer on July 22, 2024, 01:24:15 PM
Based on the article, this must be a billion plus dollar sales company and I wouldn't be surprised if it sold for something close to that too.